Agenda - Council - 10/27/2020 - Laserfiche WebLink

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DocuSign Envelope ID: 212BB42A-7CCF-455C-9E93-F2222C55BE12 into a single copy of this Agreement which will then constitute a fully executed version of this Agreement. A facsimile, .pdf file or digital copy of a signed counterpart or of an assemblage of counterparts of this Agreement shall be deemed to be an original thereof. 28. TIME PERIODS. The time for performance of any obligation or taking any action under this Agreement shall be deemed to expire at 5:00 p.m. Central Time on the last day of the applicable time period provided for in this Agreement. If the time for the performance of any obligation or taking any action under this Agreement expires on a Saturday, Sunday or legal holiday, the time for performance or taking such action shall be extended to the next succeeding day which is not a Saturday, Sunday or legal holiday. 29. PLATTING & DEVELOPMENT AGREEMENT. Buyer must be in the process of obtaining an approved final plat, development agreement, and building exterior visual renderings with the City of Ramsey for its intended project before Closing. The Development Agreement and Site Plan must comply with all local zoning ordinances and design standards. 30. CONTINGENCIES. It is a condition of both Buyer and Seller's obligations under this Agreement that Buyer must have closed on Outlot A, Alpha Development (the "Adjacent Property") as shown on Exhibit B prior to or simultaneous with closing on the Property. 31. SIGNATURES. Seller hereby acknowledges and confirms that Seller has been apprised of the corporate policy of Buyer to the effect that all contracts and contract amendments entered into by Buyer regarding the purchase or development of land must be executed by both (i) either the Region President, Region Vice President or Region Counsel and (ii) another Vice President of Buyer, and Buyer shall not be bound under this Agreement unless it has been so executed. 32. BLACKOUT PROVISION. Notwithstanding anything to the contrary set forth in this Agreement, Buyer shall not be obligated to make any payment hereunder nor shall Buyer be obligated to close on the purchase of the Property under this Agreement, at any time during the last five (5) business days of the months of February, May, August or November (each, a "Blackout Period"). Any payment that would otherwise be due during a Blackout Period shall be due and payable on the third (3rd) business day after the applicable Blackout Period. A Closing that would otherwise occur during any Blackout Period shall occur on the third (3rd) business day after the applicable Blackout Period. SELLER: The City of Ramsey, a Minnesota municipal corporation By: John LeTourneau, Mayor By: {00255405 2 Page 11 of 14 Dated: . 2020 Dated: . 2020